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20121202
20121210
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CSPAN 5
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Search Results 0 to 4 of about 5
CSPAN
Dec 7, 2012 2:00pm EST
home is the american dream. government support excessive borrowing has turned into a national nightmare, close quote. and the focus of that editorial was, we still haven't fundamentally reformed that, including at f.h.a. so i hope we start getting on that track starting today. thank you, mr. chairman. >> senator menendez. >> thank you very much. i'll be brief. i look forward to hearing the secretary's response on how f.h.a. balances the goals of remaining self-sufficient without taxpayer funds, but also helping what is still a fragile housing market in ensuring first-time home buyers can get credit. there is a clear case to be made in my mind that but for f.h.a. in the midst of this housing crisis, we would have a far greater crisis on our hands. and so reconciling the fiduciary responsibilities here to the taxpayers as well as the mission to people of america is incredibly important. i look forward to hearing that. and with your indulgence, mr. chairman, when it comes to my time in questions, while i certainly care about f.h.a., i have a even more pressing issue in the state of new jer
CSPAN
Dec 7, 2012 1:00am EST
of healthy economic growth that the government is willing to have the spending cuts we promise to do two years from now. we will be saying, we cannot afford to cut government spending because it will throw us into recession. >> that brings me to the next issue i would like to discuss. to get to the president's tax increase package that he is looking for, he is calling for higher marginal tax rates. in addition, a reduction in the value of deductions and other expenditures. higher taxes on capital gains, dividends. the way i count this up, if you include the limitations, the top marginal tax rates for some would be between 41 and 45%. that is just the federal level. we have states with varying income tax rates. some americans would be paying more than half of their income. it would exceed 50%. if the president got all the tax increases that he wants, is likely that could precipitate a recession? >> it is not only likely, it would certainly do so. it is cataclysmic. if we go from a 15% dividend tax, to 45%, that is ridiculously bad news for an equity markets. it is something we saw on the
CSPAN
Dec 6, 2012 8:00pm EST
, alexander hamilton, observe energy is a leading character in good government. the president must lead in a divided government and must not advocate his or her -- not abdicate hor or her responsibility. president obama has the responsibility to propose a real bipartisan plan to avert the fiscal cliff that can pass both the house and the senate. withdrawing from the recommendations of the simpson- from thewing recommendations of the simpson- bowles commission, the president could propose a plan that would not only avert the so-called fiscal cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipa
CSPAN
Dec 6, 2012 10:00am EST
debt. sovereign entity states and governments, countries, will have debt to finance the things they cannot pay for out tried. i used to work an invisible bond department of a wall street firm. there were all kinds of bonds, which is debt of cities and countries and states. of course there is the federal debt. as i recall, some people with fiduciary responsibility are only allowed to select investments that have very high ratings. the highest raiders in the world, at one time -- rated in the world, at one time, was the united states of america. and widows and orphans funds will invest in government bonds. host: alma, thank you for your call. we will consider your suggestion. the senate banking, housing and urban affairs committee is about to hold a hearing on the oversight of the fha program. shaun donovan will be testifying. we will be going to that as soon as that hearing begins. i want to show you this article in "the new york times took ." president obama plans to ask congress for about $50 billion for emergency funds to help rebuild the state's the were ravaged by hurricane
CSPAN
Dec 9, 2012 2:00pm EST
of the federal government. it isur job to protect people. it is our job to help communities rebuild when there are natural disasters that local governments just can't afford to be able to pay for on their own. now, new york has been working very hard to come up with a plan about how to rebuild. but the transportation infrastructure has taken an unbelievable beating. in new york alone, 2,000 miles of roads were destroyed or damage 11 tunnels were flooded. and our -- our city and our state really relies on mass transit. we are the number one users of mass transit in the country. and with our mass transit system, miles of tracks and tunnels were flooded with corrosive saltwater. 12 subway ations were damaged or destroyed, 500,000 transit riders are still experiencing severe disruptions. you will have the mta chairman come in which is fantastic. he can give you the nuts and bolts of the loss, the repairs, a lot of service is up and running now, b long-term repairs must be done. the storm just filled up the subways. when we builthese subways 100 years ago, they could not have imagined this ki
Search Results 0 to 4 of about 5